Both companies and affiliates have filed for Chapter 7 bankruptcy protection, which signal they no longer have a viable plan to continue business.
"As a result of filing the Petition, a Chapter 7 trustee will be appointed by the bankruptcy court to administer the estate of the company and to perform the duties set forth in Section 704 of the Code," the regulatory filing said. MoviePass, at one time led by chairman Ted Farnsworth and CEO Mitch Lowe, shut down Sept. 14 last year. The app once boasted several million subscribers at its peak, but shuffled through multiple pricing plans and faced several technical issues that stalled momentum.
Chiruta12345 US lo
How many times must I read this same headline?
For a few months, I loved it.
Fucking finally
Moviepass got me through early sobriety 💯
spyfox73 noooooo
Thank you MoviePass for the fun while it lasted and for getting other theaters to offer monthly subscription packages. You changed the way we see movies!
RIP